Comments on: At current rate, nine million homes to face foreclosure by 2012

By: Tables scraps or the One Whole Loaf

Tables scraps or the One Whole Loaf — Tue, 28 Sep 2010 04:21:18 +0000

[...] at least one month behind on their home payments. If foreclosures continue at current rates, over 9 million homes will enter foreclosure by 2012. While there are some indications of an economic rebound, with [...]

By: Economic Recovery on Tax Day 2010? In The 4th Year of Democratic Control Of Congress – Unemployment And Home Foreclosures Continue To Soar « Mcauleysworld’s Weblog

Thu, 15 Apr 2010 17:32:14 +0000

[...] At the current rate 9 million homes will face foreclosure by 2012. http://minnesotaindependent.com/39184/nine-million-foreclosed-homes-by-2012 [...]

By: the Jesus Manifesto » Tables scraps or the One Whole Loaf

the Jesus Manifesto » Tables scraps or the One Whole Loaf — Tue, 08 Sep 2009 00:17:27 +0000

By: Missio Dei » Save Our Homes Prayer Meeting

Missio Dei » Save Our Homes Prayer Meeting — Mon, 07 Sep 2009 19:13:58 +0000

[...] thousands more in the larger metropolitan area. If foreclosures continue at current rates, over 9 million homes will enter foreclosure by 2012. While there are some indications of an economic rebound, with [...]

By: Maggie Knowles

Maggie Knowles — Tue, 14 Jul 2009 16:21:59 +0000

We don’t have to be contortionists to find a simple solution to this problem:

Modify principle to market value, reduce interest rate. If the homeowner still has a job, this should keep them in the home.

Banks and investors take the loss, no charge to taxpayers.

By: Rmath

Rmath — Tue, 14 Jul 2009 04:51:35 +0000

The homebuyer tax credit needs to be extended into 2010 and perhaps increased to $12,000 to $15,000 if necessary. Expanding it “up the ladder” and even creating some sort of tax credit for second homes may be necessary as well. The tax credit has been a bright spot in the midst of the awful housing market, helping to keep homes moving and creating liquidity in housing where there would otherwise be little or nothing selling.

By: Minnesota Independent: News. Politics. Media. » At current rate … | Free Foreclosure Doctor

Mon, 13 Jul 2009 20:20:09 +0000

[...] Read more here [...]

By: Eric Ferguson

Eric Ferguson — Mon, 13 Jul 2009 19:01:25 +0000

That’s a good point about many homeowners get more upset about a neighbor getting help avoiding foreclosure than about the Wall Street bailouts. It’s an odd facet of human psychology that sometimes we’d rather fail than succeed because someone else got more help than we did. The case hasn’t been made to enough of the public that preventing foreclosures, even at some cost to taxpayers, helps those same taxpayers. Empty foreclosed houses drags down everyone’s property values, especially the house next door that belonged to the neighbor you didn’t want to get helped. These empty houses deteriorate and take money — maybe public money — to fix up. They attract squatters who might be protesting housing shortages and evictions, but might also be drug dealers. Think what increased crime does to a neighborhood’s livability, not to mention cost of crime.